QUESTION IMAGE
Question
select the correct answer.
louis wrote a check of $150 to the electricity company. after a few days he received a notice of dishonor from the bank regarding the check he sent to the electricity company. why did brian receive a notice of dishonor?
a. check was cleared
b. check wasnt cleared
c. check was missing
d. check bounced
A Notice of Dishonor for a check typically occurs when a check bounces (i.e., there are insufficient funds in the account to cover the check amount). Option A is incorrect as a cleared check wouldn't result in a dishonor notice. Option B is inaccurate terminology; "wasn't cleared" doesn't specifically explain the dishonor reason. Option C (check was missing) is not related to a Notice of Dishonor in this context. So the correct reason is the check bounced.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
D. check bounced